Owens & Minor (NYSE:OMI) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Owens & Minor (NYSE:OMI) issued its earnings results on Friday. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02, Zacks reports. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. Owens & Minor updated its FY25 guidance to $1.60-1.85 EPS and its FY 2025 guidance to 1.600-1.850 EPS.

Owens & Minor Stock Up 37.4 %

Shares of Owens & Minor stock traded up $2.58 during trading hours on Friday, reaching $9.47. 7,915,940 shares of the company were exchanged, compared to its average volume of 1,494,566. Owens & Minor has a 1 year low of $6.07 and a 1 year high of $28.35. The stock’s fifty day moving average is $11.57 and its 200 day moving average is $13.30. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. The firm has a market cap of $730.15 million, a PE ratio of -14.28, a PEG ratio of 0.20 and a beta of 0.48.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup reduced their price target on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Barclays reduced their price target on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. UBS Group reduced their price target on shares of Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Robert W. Baird reduced their price target on shares of Owens & Minor from $14.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.92.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.